Fischer Medical Ventures Ltd — Updates, 16-05-2025: Company Update

Fischer Medical Ventures Limited has raised Rs. 358.46 Cr through a preferential issue of equity shares and fully convertible warrants. The company has utilized Rs. 270.40 Cr of these funds, primarily investing Rs. 250.41 Cr into its subsidiaries Flynncare Health Innovations Pvt Ltd and Time Medical International Ventures (India) Pvt Ltd to expand its imaging and preventive healthcare device business. The remaining Rs. 18.79 Cr has been deployed for general corporate purposes including professional fees, marketing, and lease expenses. There are no deviations from the stated use of funds or delays in implementation, and unutilized proceeds are parked in fixed deposits and current accounts earning moderate returns.